Can we take a credit of Service Tax Paid under reverse charge (Import of services) to pay Excise/Service Tax Liability?
What is the due date for payment of Service Tax on Import of service i.e.whether its a date of invoice booking or date of party payment or 5th following month of Invoice Booking Month?
under RCM (Import of servies) service tax payments needs to be made at the time of making payment to import party, However as per point of taxation rule (POT), this import payment needs to be done with in 6 moths, if that is not happened then POT will be date of invoice and not date of payment. Which will lead to additional burden of payment of interest
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